TRASH BAGS MARKET TRENDS

trash bags market

After the pandemic, people are more concerned using trash bags with their health, hygiene, and surroundings in using trash bags market trend. Individuals have become more conscious of maintaining a cleanliness and sanitized environment both outdoors and indoors. The upsurge in awareness has increased the usage of disposable items such as sanitary products, wipes, and tissues, resulting in a higher volume of waste generation. In such situations, trash bags become important for collecting waste effectively and preventing contamination in residential and commercial places.

Changing consumer preferences toward sanitation and cleanliness, a sign of good health and well-being in today’s society, is further propelling the demand for these bags. With changing preferences, the lifestyle of the urban people and their influence on the rural people have changed considerably. As the lifestyle becomes more fast-paced, convenience becomes significant for many consumers. Thus single-use products and packaging become more vital, contributing to more waste generation. In addition, people live in very small spaces in urban areas where storage and waste management become challenging. In such scenarios, trash bags provide a convenient solution for gathering and disposing of waste in these forced environments, thereby becoming an essential household item for maintaining cleanliness and order.

TRASH BAGS MARKET GROWTH FACTORS

Increasing Population and Changing Consumer Preferences is Augmenting the Demand for the Product

The population around the globe has increased and led to higher consumption of goods and services such as food products, household goods, and consumer electronics, among others. These items, after consumption, end up being in landfills if not adequately managed. This has raised the demand for effective waste management to accumulate these items. The growing population is one of the major reasons for urbanization and we found that urban areas generate more per capita waste in comparison to rural areas due to higher consumption rates. The accelerating demand for trash bags in urban areas as residential and commercial businesses and industries seek effective methods to collect and dispose of their waste is fueling the trash bags market growth.

For instance, according to the report published by the World Bank, the world has generated 242 million tons of plastic waste in 2016, which is 12% of the total solid waste, and the waste is projected to rise by 70% to reach 3.40 billion tons in the upcoming 30 years, increasing drastically from today’s 2.01 billion tons. Thus, it is poised to increase the demand for effective waste collection and management, increasing the demand for the product in the market.

Surging Demand for Antimicrobial and Scented Products in the Market is Boosting the Growth

These trash bags are built in an antimicrobial environment that inhibits the growth of odor-causing bacteria on the surface of the bags, thus reducing the health risks associated with waste. In recent years, the demand for such trash bags has thrived as these help avoid the production of microorganisms, unlike the traditional bags which are capable of containing the garbage but eventually become the breeding ground for the organic waste bacteria.

The growing awareness and the importance of hygiene in commercial and residential places raised the demand for scented bags as people infuse these bags with fragrances and reduce the foul odor coming from the garbage bins. Scented bags come in different scents such as lavender, citrus, and some fresh linen widely used in kitchens and bathrooms to avoid the smell.

With the rising concerns for health, hygiene, and proper sanitation to avoid infections and serious health diseases, the demand for antimicrobial and scented trash bags is accelerating globally.

RESTRAINING FACTORS

Growing Environmental Concerns and Increasing Plastic Pollution is Impeding the Growth of this Market

People are now more aware of the products, their composition, and their impact on the surroundings. Plastic bags face numerous challenges, from manufacturing to collection and effective disposal. The manufacturing process of the trash bags is resource intensive and relies on fossil fuels and production requires huge amounts of energy and water, damaging the natural resources. In addition, the disposal of garbage bags in landfills results in the release of methane, which is a greenhouse gas that contributes to global warming.

In response to the increasing environmental concerns, governments and regulatory bodies across the world are imposing rules and regulations to curb the use of bags and reduce plastic pollution, thus hampering the growth of this market.

Source: https://www.fortunebusinessinsights.com/trash-bags-market-107323

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